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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Condor who wrote (11612)10/26/2010 10:18:50 AM
From: Goldberry  Read Replies (1) of 11633
 
I consider the dividends paid by my current holdings to be safe going forward and as I rely on the income I don't pay much attention to the increase in value of the underlying stocks as if I sold I have to replace with something providing the same safe dividend. I am always on the lookout to switch from one security to another if it increases my income. A an example I recently sold all my KMP which had a yield on cost of about 8% but was now yielding only 5.6% and increased my position in Artis which is yielding just over 8%.

I am heavy in REITS and Pipelines and some other converted trusts that give a good yield that benefit from the DTC. One thing I plan on doing should the yields on any holdings drop down below 6% is consider moving into Bank stocks which I believe will continue to increase dividend in coming years probably faster than the REITS and Pipelines.
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